PAYPALHOLDINGS,INC.2015EQUITYINCENTIVEAWARDPLAN(MARKED) At the time of grant, the Committee shall specify the date or dates on which the RestrictedStock Units shall become fully vestedandnonforfeitable,andmayspecifysuchconditionstovestingasitdeemsappropriate.TheCommitteeshall specify, or permit the Participant to elect, the conditions and dates upon which the shares of Stock underlying the RestrictedStockUnitsshallbeissued,whichdatesshallnotbeearlierthanthedateasofwhichtheRestrictedStockUnits vest and becomenonforfeitableandwhichconditionsanddatesshallbesubjecttocompliancewithSection409Aofthe PRO Code.Onthedistributiondates,theCompanyshall,subjecttoSection9.6(b),transfertotheParticipantoneunrestricted, XY fully transferable share of Stock for each Restricted Stock Unit scheduled to be paid out on such date and not previously S forfeited. T A 8.7 PerformanceBonusAwards.AnyEligibleIndividualselectedbytheCommitteemaybegrantedoneormore TEMENT performance-basedAwardsintheformofacashbonus(a“PerformanceBonusAward”)payableupontheattainmentof PerformanceGoalsthatareestablishedbytheCommitteeandrelatetooneormoreofthePerformanceCriteria,ineach caseonaspecifieddateordatesoroveranyperiodorperiodsdeterminedbytheCommittee. 8.8 Term. Exceptasotherwiseprovidedherein,thetermofanyAwardofPerformanceShares,PerformanceStockUnits, DividendEquivalents,StockPayments,DeferredStockUnitsorRestrictedStockUnitsshallbesetbytheCommitteeinits discretion. 8.9 Exercise or PurchasePrice. The Committeemayestablishtheexerciseorpurchaseprice,ifany,ofanyAwardof PerformanceShares,PerformanceStockUnits,DeferredStockUnits,StockPaymentsorRestrictedStockUnits;provided, however,thatsuchpriceshallnotbelessthantheparvalueofashareofStockonthedateofgrant,unlessotherwise permittedbyapplicablestatelaw. 8.10 Exercise or PaymentuponTerminationofService.AnAwardofPerformanceShares,PerformanceStockUnits, DividendEquivalents,DeferredStockUnits,StockPaymentsandRestrictedStockUnitsshallonlybeexercisableorpayable whiletheParticipantis an Employee,ConsultantorDirector,asapplicable;provided,however,thattheCommitteeinits sole andabsolutediscretionmayprovidethatanAwardofPerformanceShares,PerformanceStockUnits,Dividend Equivalents,StockPayments,DeferredStockUnitsorRestrictedStockUnitsmaybeexercisedorpaidsubsequenttoa TerminationofService,asapplicable,orfollowingaChangeinControloftheCompany,orbecauseoftheParticipants retirement,deathordisability,or otherwise. 8.11 Form of Payment.PaymentswithrespecttoanyAwardsgrantedunderthisArticle8shallbemadeincash,inStockora combinationofboth,asdeterminedbytheCommitteeandsetforthintheapplicableAwardAgreement. 8.12 AwardAgreement.AllAwardsunderthisArticle8shallbesubjecttosuchadditionaltermsandconditionsas determinedbytheCommitteeandshallbeevidencedbyanAwardAgreement ARTICLE9 ProvisionsApplicabletoAwards 9.1 Stand-AloneandTandemAwards.AwardsgrantedpursuanttothePlanmay,inthediscretionoftheCommittee,be grantedeitheralone,in additionto, or in tandemwith, any other Awardgrantedpursuantto the Plan.Awardsgrantedin additionto or in tandemwith other Awardsmaybegrantedeitheratthesametimeasoratadifferenttimefromthegrantof suchotherAwards. 9.2 AwardAgreement.AwardsunderthePlanshallbeevidencedbyAwardAgreementsthatsetforththeterms,conditions andlimitationsfor eachAwardwhichmayincludethetermofanAward,theprovisionsapplicableintheeventthe Participants employmentor serviceterminates,andtheCompanysauthoritytounilaterallyorbilaterallyamend,modify, suspend,cancelorrescindanAward. 9.3 Payment.TheCommitteeshalldeterminethemethodsbywhichpaymentsbyanyParticipantwithrespecttoany AwardsgrantedunderthePlanmaybepaid,theformofpaymentincluding,withoutlimitation:(i)cash,(ii)sharesofStock (including, in the case of payment of the exercise price of an Award, shares of Stock issuable pursuant to the exercise of theAward)heldforsuchperiodoftimeasmayberequiredbytheCommitteeinordertoavoidadverseaccounting consequencesandhavingaFairMarketValueonthedateofdeliveryequaltotheaggregatepaymentsrequired,or (iii) other property acceptable to the Committee (including through the delivery of a notice that the Participanthas placed a marketsellorderwithabrokerwithrespecttosharesofStockthenissuableuponexerciseorvestingofanAward,andthat thebrokerhasbeendirectedtopayasufficientportionofthenetproceedsofthesaletotheCompanyinsatisfactionofthe aggregatepaymentsrequired;provided,thatpaymentofsuchproceedsisthenmadetotheCompanyuponsettlementof suchsale).TheCommitteeshallalsodeterminethemethodsbywhichsharesofStockshallbedeliveredordeemedtobe deliveredto Participants.Notwithstandingany otherprovisionof the Plan to the contrary,no Participantwho is a Directoror an“executiveofficer”of the CompanywithinthemeaningofSection13(k)oftheExchangeActshallbepermittedtopay theexercisepriceofanOptionwithaloanfromtheCompanyoraloanarrangedbytheCompanyinviolationof Section13(k) of the ExchangeAct. •2023ProxyStatement 129